Graypoint LLC Acquires Shares of 653,999 Nu Holdings Ltd. (NYSE:NU)

Graypoint LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 653,999 shares of the company’s stock, valued at approximately $6,775,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in NU by 11.5% in the second quarter. Commonwealth Equity Services LLC now owns 172,043 shares of the company’s stock valued at $2,218,000 after acquiring an additional 17,740 shares during the last quarter. Victory Capital Management Inc. increased its position in NU by 54.2% during the second quarter. Victory Capital Management Inc. now owns 1,085,667 shares of the company’s stock worth $13,994,000 after buying an additional 381,584 shares during the last quarter. Private Advisor Group LLC raised its stake in NU by 10.4% in the second quarter. Private Advisor Group LLC now owns 87,547 shares of the company’s stock valued at $1,128,000 after buying an additional 8,239 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of NU by 16.3% in the second quarter. Los Angeles Capital Management LLC now owns 14,862 shares of the company’s stock valued at $192,000 after buying an additional 2,080 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in shares of NU during the 2nd quarter worth approximately $150,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NU stock traded down $0.16 during midday trading on Friday, reaching $10.98. 28,853,616 shares of the stock were exchanged, compared to its average volume of 27,312,887. Nu Holdings Ltd. has a 52 week low of $8.51 and a 52 week high of $16.15. The company has a fifty day moving average price of $12.49 and a 200 day moving average price of $13.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $52.33 billion, a PE ratio of 30.50, a P/E/G ratio of 0.59 and a beta of 1.05.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research reports. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.63.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.